Saxo Bank to Automate Corporate Actions Processing

COPENHAGEN-Online trading platform Saxo Bank has bought SmartStream Technologies' corporate actions solution as part of an overhaul of the bank's back-office systems. Copenhagen-based Saxo, which previously relied on manual processing, will automate event processing with the SmartStream TML Corporate Actions application and a reference data feed from Interactive Data.

Following rapid growth and an increase in cross-border activity, Saxo Bank has experienced a rising volume of events, with

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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